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10 Things

1.  There’s no such thing as a national real estate market.
If you read the newspapers, you might get the idea that real estate markets are the same everywhere.  If conditions are bad in San Diego or Detroit or Washington, DC they must be bad everywhere, right? Wrong!  Real estate markets are local; when you’re looking to buy or sell in the Shenandoah Valley, pay attention to sales price trends, volume and inventory in the specific neighborhoods, rather than to misleading headlines about national sales trends.

2.  Local area home values are stable.
The median and average price of homes in the Harrisonburg & Rockingham County area has increased year after year, while other areas of the state and country have seen declines in value.  In fact, the average price of a single family home in Harrisonburg & Rockingham County has increased  28% since 2004.

3.  Housing demand in our local market is set to grow.
The quality of life in the Shenandoah Valley attracts many people looking to move their family, find a place for retirement, or relocating for job opportunities.  The local economy is greatly diverse and very attractive to business, education, and industry.  The population of Harrisonburg & Rockingham County is expected to grow at 1.5% per year over the next ten years.

Click Here To View All 10 Things To Know About Today's Local Real Estate Market


Featured Company Listings
194 North Cider Mill Road, Mount Sidney
194 North Cider Mill Road
Mount Sidney, VA

$1,499,500
1273 Frost Place, Harrisonburg
1273 Frost Place
Harrisonburg, VA

$175,100
110 Lee Avenue, Elkton
110 Lee Avenue
Elkton, VA

$138,000
654 N Liberty Street, Harrisonburg
654 N Liberty Street
Harrisonburg, VA

$144,900
134 Fort Road, Mcgaheysville
134 Fort Road
Mcgaheysville, VA

$274,000
3655 Buttermilk Creek Road, Harrisonburg
3655 Buttermilk Creek Road
Harrisonburg, VA

$389,000
1233 Old Furnace Road, Harrisonburg
1233 Old Furnace Road
Harrisonburg, VA

$117,500
612 Fifth Street, Shenandoah
612 Fifth Street
Shenandoah, VA

$204,500
57 Harper Street, Weyers Cave
57 Harper Street
Weyers Cave, VA

$192,000


Recent Blog Postings
Day One @ The Coldwell Banker Cafe April 5, 2008Day One @ The Coldwell Banker Cafe
#1 In The Residential Market For Eight Consecutive Years March 30, 2008#1 In The Residential Market For Eight Consecutive Years
Coldwell Banker Commercial Funkhouser Realtors Honored As #1 Office In Virginia March 30, 2008Coldwell Banker Commercial Funkhouser Realtors Honored As #1 Office In Virginia


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Most Recent Listings


Real Estate Snapshot
  Active Contract Avg. Price
Residential 1611 241 $294,447
Multifamily 29 4 $465,761
Land 873 28 $197,005
Farm 73 8 $1,199,319
Commercial 182 11 $667,707


Current Rates
  Rate APR
15-Year Fixed 5.375% 5.496%
20-Year Fixed 5.625% 5.712%
30-Year Fixed 5.790% 5.893%
3/1 Adjustable 5.250% 5.389%
5/1 Adjustable 5.310% 5.410%
7/1 Adjustable 5.625% 5.722%
10/1 Adjustable 5.750% 5.811%
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